NEW YORK (TheStreet) -- Shares of Black Diamond (BDE) were gaining 27.2% to $8.97 on heavy trading volume Tuesday after the climbing and skiing equipment manufacturer said it will explore strategic alternatives in its fourth quarter earning report.

Black Diamond said it hired advisory firms Rothschild and Robert W. Baird to "lead the exploration of a full range of strategic alternatives" for its Black Diamond, Pieps, and POC Sports brands. The company said it has no timetable for the completion of the strategic review process.

"Over the last 15 months, we have undertaken a series of actions to leverage the significant growth in our brands, optimize our platform, drive significant cost reductions, and position the Company for stronger financial and brand performance," Black Diamond CEO Warren Kanders said.

For the fourth quarter Black Diamond reported earnings of 9 cents a share, below analysts' estimates of 11 cents a share for the quarter. Revenue grew 9.7% year over year to $59.42 million for the quarter, below analysts' estimates of $61.56 million.

About 2.1 million shares of Black Diamond were traded by 10:19 a.m. Tuesday, above the company's average trading volume of about 210,000 shares a day.

TheStreet Ratings team rates BLACK DIAMOND INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate BLACK DIAMOND INC (BDE) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself."

You can view the full analysis from the report here: BDE Ratings Report

BDE data by YCharts

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